the Coase Theorem indicates that with no transactions costs, and well established property rights over a given resource, Group of answer choices The harmed party will negotiate a socially optimal outcome with the harming party but only if the harmed party owns the resource. the harming party should compensate the harmed party irrespective of resource ownership. The harming party will negotiate a socially optimal outcome with the harmed party but only if the harming party owns the resource. The harmed party will negotiate a socially optimal outcome with the harming party irrespective of resource ownership.